Forex Brokers by Country, Best Forex Broker in the World
Finding the best forex broker in the world in a market that averages about $5 trillion every day is difficult. It is easy to find top forex brokers list from a lot of scammers who want to take advantage of anyone who might want to get into the forex business . The forex market has no central marketplace. Decentralization makes it easy for people to do pretty much whatever they want.
However, in recent years, regulatory societies stand guard and try as much as they can to thwart scam attempts.
We prepared these lists to help anyone who might not have a clue what to do, find the best forex brokers in your country. These top forex brokers list help point you as the trader in the right direction so you can find the right broker for you.
The Best Forex Brokers List By Country
As with anything else, when we compile lists for the best forex brokers in your country, we do a lot of research.
We will briefly get into the details of how we identify the best forex brokers in the world. The process is very important and stringent to make sure that the information you get is reliable.
So, strap in and let’s look at the criterion a company has to meet to make it to the top forex brokers list.
|In Australia, trading currencies is a popular option for international traders and the residents. You will find some of the top forex brokers in Australia are some of the best forex brokers in the world. On the top forex brokers list, you will find the best forex brokers in Australia include popular names like;Read More||Australia|
|Finding the best forex broker in the world in a country like Bangladesh is fairly easy when you know where to look. Like in many countries, the best forex brokers in Bangladesh abide by regulations. However, it is commonplace to find scams that pose as being on the top forex brokers list. Read More||Bangladesh|
|The best forex brokers in Canada often offer limited trading capabilities. However, some of the best forex brokers in the world, give you the full range. They operate in the Great White North and have a reputation by being the top forex brokers in Canada. Read More||Canada|
|Some of the best forex brokers in the world operate in Egypt. When compiling the top forex brokers list, we take into consideration trader rating and market share. The best forex brokers in Egypt have an option for Arab speaking traders. This means that the support of these top forex brokers in Egypt speaks Arabic and offers the services in the language.Read More||Egypt|
|It makes sense that the best forex brokers in the world would be in Germany. This country is the core participant that gives strength to the Euro. The best forex brokers in Germany are probably familiar to you. On the top forex brokers list for Germany, you will find names like: Read More||Germany|
|As one of the fastest growing countries in the South East Asia region, you would expect to find the best forex brokers in the world operating here. Indonesia’s forex scene is one of the most active in the region. The top forex brokers list includes impressive names of various brokers from around the world. Read More||Indonesia|
|In large cities like Hyderabad, New Delhi, Tamil Nadu and Chennai, you will find the best forex brokers in the world. India has grown into an economy that depends a lot on technological growth. This has led to booming business for the top forex brokers in India, as more people join. Read More||India|
|Forex trading is popular among the residents of Malaysia and some of the best forex brokers in the world operate there. Usually, to make it to the top forex brokers list, a company needs to have a good reputation. A reputation is important for any of the top forex brokers in Malaysia. Read More||Malaysia|
|When in New Zealand, you will find the best forex brokers in the world operate here too. There are, however, some regulations which control the best forex brokers in New Zealand. You will need to know of more than just who is on the top forex brokers list. Read More||New Zealand|
|Regulations of the best forex brokers in Philippines are lax. For that reason, residents interested in find the top forex brokers in the Philippines should use caution when finding who to work with. Read More||Philippines|
|Many of the best forex brokers in the world trade with the Pakistani rupee when the occasion calls for it. Thought it may not be a common among the central banks or even in the top 35 currencies, the best forex brokers in Pakistan know you have more options. Read More||Pakistan|
|Forex trading is very popular in Russia with very prominent names on the top forex brokers list. The best forex brokers in Russia are of Russian origin. Very few of the top forex brokers in Russia operate there legally. Read More||Russia|
|Unlike Indonesia where forex trading is illegal, the top forex brokers in Singapore thrive. Singaporeans can trade with any of the top forex brokers in Singapore that they want. As always, in a market that is teeming with the best forex brokers in the world, always make sure to do your due diligence before you sign up. Read More||Singapore|
|As one of the most developed countries in the world, South Africa enjoys the services of some of the best forex brokers in the world. On the top forex brokers list, you will find a lot of companies with good reputations. Read More||South Africa|
|Some of the best forex brokers in the world do some of their best work in Switzerland. Any time anyone mentions, you immediately think chocolate, the Alps and money. Switzerland has some of the best brokers on the top forex brokers list and is a symbol of prosperity. Read More||Switzerland|
|Thailand may not be a major forex hub but it has some of the best forex brokers in the world operating there. The customer base is continually expanding and it is not easy to find some of the best forex brokers in Thailand who may serve you well. Read More||Thailand|
|If you are a resident of the USA trying to get in on the trade, you will find that you have very limited options of the people you can work with on the top forex brokers list. The best forex brokers operate all over the world but that is not easy in the USA. Read More||USA|
|The UAE has some of the best forex brokers in the world. It is a booming economy with tremendous access to technology. The income levels are high and someone is always looking for the top forex brokers in UAE to make more money. Read More||UAE|
|Over the years, Vietnam has grown to be one of the most vibrant and attractive economies in the world, making it a destination for the best forex brokers in the world. Most of the big names on the top forex brokers list operate here. Read More||Vietnam|
|The UK is one of the leading countries in producing some of the best forex brokers in the world. They have the best forex regulations and excellent reputations. The top forex brokers in the UK are not hard to identify when you know where to look. Read More||UK|
Finding the Best Forex Broker in the World
Because of the complexity of the retail forex market and how competitive it gets, sifting through the scams to find the best forex brokers in your country can be a headache. However, there is a simple way to know if we can trust a company.
You can use our lists or, if you go solo, you can use this criterion to identify a forex broker that you can trust.
1. The Best Forex Brokers Provide Security
The best forex brokers in the world are the best because of security. Security is the foremost thing you should look for, if you want to find the best forex brokers in your country. You will not hand over your money to someone who claims to be running a legit business.
There has to be some proof that they are who they say they are. To check the credibility and determine that who you have met is someone worthy of appearing on the top forex brokers list, go to a regulatory agency website.
There are several agencies around the world which separate the fraudulent brokers from the best forex brokers in your country.
Examples of agencies include:
- UK- Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
- USA- National Futures Association (NFA), Commodity Futures Trading Commission (CFTC)
- Germany- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
They are everywhere. Make a point of checking with them to determine the claims of a broker.
2. Transaction Costs By The Best Forex Brokers Are Fair
Every single one of the best forex brokers in the world has transparency for transaction fees. Every trader working with the top forex brokers in any country will have to pay these fees. However, you need not pay more than you should.
As any of the companies on the top forex brokers list will tell you, the transaction fees are payable in two ways:
- The Spread
- A commission
The second thing to do when looking for the best forex brokers in your country, is to check their transaction rates. Always look for the cheapest one. However, do not sacrifice finding the top forex broker suitable for you in search of low transaction rates.
Check to see if you will need tight spreads for the trading you will engage in and review the options provided. Find the balance between security and low transaction costs when looking for the best brokers in the world to use.
3.Deposits and Withdrawals Are Easy
When you are working the best forex brokers in your country, deposits and withdrawals should be easy to perform. The best forex brokers in the world make it easy for traders to withdraw profits made immediately after a request.
The only reason a broker holds your money is to make trade easier. With a broker, there is no reason why you should have a hard time getting the profits you have earned. Companies on the top forex brokers list, make sure that everyone gets their money quickly.
4. The Trading Platform Is User-Friendly
Traders who do forex online have to use a trading platform like MetaTrader. Most of the top forex brokers use their own trading platform. They provide it to you so you can watch what is happening in the market.
The best forex brokers in your country should have a platform that is user friendly and stable for accuracy. Always use the demo accounts the top forex brokers offer to get familiar with the trading platform used so there are no surprises later when you sign up.
5. Trades Execution Are Fast
The best forex broker in the world build a reputation for telling the traders the best price for their orders. When the market conditions are normal, there is no reason for your broker not to offer this information to you, when you click the ‘Buy’ or ‘Sell’ button.
A few pips make the difference between a loss and profit. The companies on the top forex brokers list fill you in at or very close to the market price.
6. Customer Service Is Reliable
Always make sure that the broker you hire is easy to reach. Contact is very important because sometimes, they are not perfect. You should have an easy way to reach the broker any time that you need anything that you know they should be in charge of.
The brokers you meet might be friendly and helpful when you are joining the market, but they usually become terrible at support. After they make the sale, even some of the best forex brokers become kind of hard to reach.
Now, you have the vital information about what you will need to do to find the best ones.
Check out More Listed Brokers by Countries